Business Report Dissertation Example | Topics and Well Written Essays - 2000 words

Business Report - Dissertation Example Moreover, this strategy also depends upon the institutional framework, regulatory and economic development policies. Aim This study will propose and develop several new tourism strategic policies and planning frameworks for Singapore on the basis of imaginary scenario. Bali, Kuala Lumpur and Bangkok are the three major international airports near Singapore. These airports have been closed down due to several natural calamities and disasters. The tourism policies and plan will help Singapore to clatter the extra demand from these affected countries. Scope However, it has been identified that the tourism industry in Singapore has incurred significant losses during the global economic slowdown of 2007-09 and after that Asian Financial Crisis era. The growth rate of Singapore’s tourism industry has declined by 9.2 percent in 2010. At that point of time, the Singapore Tourism Board assumed that the country has the potential to attain a target of 17 million international visitorâ₠¬â„¢s arrival. Moreover, the board had a target of 30 billion Singaporean dollar revenue. According to some recent facts, figures and information of tourism industry and present economic scenario, it can be stated that the target would be challenging enough (Bagozzi, Gopinath, & Nyer, 1999, p.12). Growth Rate in Next Five Years The tourism industry of Singapore will feel huge pressure in order to control the crowd of several international and domestic touri sts as the three international airports, such as Bali, Bangkok and Kuala Lumpur have between closed down due to the natural calamities. The tourism industry and government should implement plans and policies collaboratively. Singapore is one of the leading tourist destinations in the South-East Asia (Balderjahn, 1988, p.7). Almost 10 million people used to visit the country in every year. Their modes of transport are airlines and cruise. The next parts will propose several tourism plans and policies and implication of those polic ies. The government should look to increase the number of airport in order to control the increasing number of tourists. Moreover, the government should approve the licensing of casinos. These implications will help the industry to grow in next five years. Moreover, by the implementations of plans and tourism policies, the tourism industry will be able to achieve 100% growth in the first year and 50% in next four years. Answer 1: Identification and Explanation of Policies and Plans In the current situation of declined growth of tourism industry in Singapore, it can be recommended that the tourism board and authorities of the country need to develop and implement several effective strategic policies to boost the growth of this industry. In this report there are few important policies and plans have been recommended for the growth of this industry in Singapore. Five Year Economic Plan Next five year economic plan of Singapore should focus on the development of tourism industry. Under this five year plan, several approaches can be suggested. National tourism policy, rural tourism policy, community based tourism policy and nature based tourism pol